KOHO Referral Code 2026: Get a $40 Sign-Up Bonus
Use KOHO referral code KOHOBONUS40 to get a $40 cash bonus when you sign up and make your first purchase over $20. No monthly fees, no credit check.
Read moreNo monthly fees, no minimum balance — earn interest and cashback from day one.
Sign up with KOHO and get a $40 Bonus
Use referral code KOHOBONUS40 to sign up for KOHO and get a $40 cash bonus after your first purchase over $20. No monthly fees, no minimum balance.
Sign up with code KOHOBONUS40 and make your first purchase with your KOHO card.
Get Started — $40 Bonus
KOHOBONUS40
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How to Claim Your Bonus
Getting your $40 bonus takes less than 10 minutes.
1
Click Get Started
Use the Get Started button on this page, or enter code KOHOBONUS40 manually during sign-up. The $40 referral bonus is applied to your account automatically.
2
Set up your account
Create your KOHO account in minutes with your email and basic personal information. No credit check, no branch visit, and no minimum deposit required.
3
Make your first purchase
Add your virtual KOHO Visa to Apple Pay or Google Pay and make any purchase. Your $40 bonus is credited to your account automatically.
1M+
Canadians use KOHO
Up to 5%
Interest on your balance
Founded 2014
Toronto-based fintech
CDIC Protected
Funds held at Peoples Bank
What KOHO Offers
A full suite of financial products built for Canadians — all in one place.
1
KOHO Prepaid Visa
A Visa prepaid card linked to your KOHO account. Spend anywhere Visa is accepted and earn cashback on every purchase. No credit check required.
2
KOHO Savings
Earn up to 5% interest on your entire balance with no minimum deposit and no lock-in periods. Interest compounds daily and is paid monthly.
3
KOHO Credit Building
Build your credit score without a hard credit check by subscribing to KOHO's credit building feature, which reports positive payment history to Equifax.
4
KOHO Premium
An optional paid plan that unlocks higher cashback rates, free international transfers, financial coaching, and zero foreign transaction fees.
5
RoundUps
Automatically round up every purchase to the nearest dollar and transfer the difference into your savings. A simple, hands-off way to save more.
6
Instant Pay
Access up to $100 of your upcoming paycheck early at no cost, helping you cover expenses before payday without a loan.
Why Use KOHO?
Here's what makes KOHO stand out from the competition.
$40 cash bonus when you sign up with code KOHOBONUS40 and make your first purchase
No monthly fees on the base KOHO account — ever
Up to 5% interest on your entire KOHO balance
Earn 1–2% cashback on groceries, eating and drinking, and transportation
Build your credit score with KOHO Credit Building — no hard credit check
Zero foreign transaction fees on KOHO Premium
Instant peer-to-peer money transfers to other KOHO users
RoundUps to automatically grow your savings with every purchase
No minimum balance and no overdraft fees
Virtual card available immediately — use with Apple Pay and Google Pay
Frequently Asked Questions
Common questions about KOHO and the referral bonus.
How do I get the $40 KOHO referral bonus?
Enter referral code KOHOBONUS40 during sign-up, or click the Get Started button on this page to have it applied automatically. Once your account is open and you make your first purchase with your KOHO card over $20, the $40 cash bonus will be credited to your account.
Is KOHO a bank account?
KOHO is a financial technology company, not a bank. Your KOHO balance is held in trust at Peoples Bank of Canada, a CDIC member institution. This means your funds are eligible for up to $100,000 in deposit protection per category.
Are there any monthly fees?
The base KOHO account has no monthly fees. KOHO offers optional paid plans (Essential, Extra, and Everything) that unlock higher cashback rates, credit building, and other perks for a monthly fee.
Does KOHO do a credit check?
No — opening a KOHO account does not require a credit check. The KOHO Prepaid Visa is a prepaid card, not a credit card, so it is available to anyone regardless of credit history.
How does KOHO Credit Building work?
KOHO's credit building feature charges a small monthly fee and reports positive payment history to Equifax on your behalf. Over time, this can help raise your credit score without a hard inquiry or the risk of carrying credit card debt.
Can I earn interest on my KOHO balance?
Yes — KOHO pays up to 5% interest on your entire balance depending on your plan. Interest is calculated daily and paid out monthly, with no minimum balance required.
How do I get a virtual card with KOHO?
Your virtual KOHO Visa card is available immediately after account setup in the app. You can add it to Apple Pay or Google Pay and start spending and earning cashback right away, before your physical card arrives.
What is KOHO Instant Pay?
Instant Pay lets you access up to $100 of your next paycheck early at no cost. If you need a larger advance, KOHO Cover provides up to $250 for a small monthly subscription fee, with no interest charged.
Ready to claim your $40 bonus?
Sign up to KOHO today and use code KOHOBONUS40 to get your bonus.
Get Started — $40 Bonus